Dealers reported ComDisco bank debt traded at 79.50-80 shortly after the company announced it had filed for bankruptcy early in the week. Pillowtex Corp. paper, after failing to trade in an auction last week, traded on Friday at 35. Approximately $36 million was swapped. Finova paper was flipped this morning at 92.375 from 92 in a $5 million trade.
In par news, Nextel Communications "B/C" paper traded in the 93-93 1/4 range. The "D" paper is trading at 91. Sinclair Broadcasting bank debt is trading at 100.625.